mexico market

U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA

U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA

U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…

November 12, 2021
Mexico ‘Avoids Environmental Damage’ in GOM Fire while Talos to Explore Zama Decision

Mexico ‘Avoids Environmental Damage’ in GOM Fire while Talos to Explore Zama Decision

Mexico’s state oil company Petróleos Mexicanos (Pemex) said an investigation is underway following a fire last Friday (July 2) near one of its Gulf of Mexico (GOM) platforms in the Ku, Maloob and Zaap (KMZ) megafield. Images of the eye-shaped fire went viral on social media as ships dowsing water on the flames appeared to…

July 6, 2021
Mexico Hydrocarbons Law Could Cause Impasses in Natural Gas Sector, WoodMac Expert Says

Mexico Hydrocarbons Law Could Cause Impasses in Natural Gas Sector, WoodMac Expert Says

“Most if not all modifications” to Mexico’s Hydrocarbons Law set to come into force would “impact Mexico’s natural gas sector, from exploration and production to midstream to downstream operations,” Ricardo Falcón, Senior Gas Analyst for Mexico at Wood Mackenzie, told NGI’s Mexico Gas Price Index.  “I can foresee some impasses here,” he said in an…

April 30, 2021
Monterrey Said Best Suited for First Mexico Natural Gas Pricing Index

Monterrey Said Best Suited for First Mexico Natural Gas Pricing Index

Respondents to NGI’s fourth Mexico gas price survey said the industrial hub of Monterrey in the northeastern part of the country would be the best place for a domestic pricing index to form. The industrial area has various gas options and sees the Sistrangas national pipeline system converge with Kinder Morgan Inc.’s Mier-Monterrey system and…

March 16, 2021
Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast

Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast

Natural gas futures pause on fluctuating weather outlooks, lower LNG demand Adequate supplies seen for remainder of winter despite upcoming cold blasts Northeast cash rallies again on approaching winter storm Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast Natural gas futures shifted into neutral Tuesday amid some inconsistencies in the weather data…

December 16, 2020